🚨🚨🚨 Concentric.fi of Arbitrum Ecosystem was attacked
💩💩💩 The project party lost US$1.3 million
Officially, the wallet private key of a certain developer was leaked, and the attack method was a social engineering attack.
Officials said “Despite the audit, our protocol is vulnerable to attack because these vaults are upgradeable. An attacker exploits this feature to upgrade the vault, mint new LP tokens, and then deplete the vault of its assets.”
Users are requested to revoke previous authorization interactions with the vault protocol.
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